Were you the victim of UBS Financial Services Inc. broker John Sofranko III (CRD# 4658914)? He has been registered with UBS Financial Services Inc. in Sewickley, Pennsylvania, since 2005.
John Sofranko III Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
December 2023. “Time frame: March 2020 Allegations: Claimant alleges his financial advisor made an improper hold recommendation in response to Claimant’s request to liquidate his portfolio to pay down his margin line.” The customer is seeking $300,000 in damages, and the case is currently pending. The complaint was regarding securities backed loans and mutual funds.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, UBS Financial Services Inc. may be liable for investment or other losses suffered by John Sofranko III’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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